While Shiba Inu has been searching for price stability in recent days, on-chain data indicates that there has been heavy repositioning on centralized exchanges. There has been a remarkable increase in SHIB transfers, especially to stock exchanges, in the last 24 hours. While a total of 427.9 billion SHIB came to the exchanges, 285.7 billion SHIB left the platforms in the same period. This imbalance shows that seller pressure may be at the forefront in volatile market conditions.
Stock market activity attracts attention
For most of last year, the Shiba Inu price has been trending downwards, trading below long-term moving averages and significant resistance levels. However, in recent days, SHIB has started charting a moderate uptrend by making higher lows while trying to reclaim the 50-day moving average. However, it failed to break out clearly above the 100-day moving average.
Increasing movement in stock markets is more prominent than price movement. In light of the latest data, stock market reserves increased by approximately 0.17 percent; This indicates that more SHIBs are held on centralized exchanges. Such a trend usually means that market activity is increasing and may increase volatility in the short term.
While there has been an increase of 0.17 percent in stock market entries recently, the information that a total of 427.9 billion SHIB has entered the stock exchanges comes to the fore. Experts evaluate that this activity may increase volatility.
Data shows the steps of big investors
Over the seven-day period, the average stock market inflows decreased by 15 percent, while the average amount of outflows decreased by more than 62 percent. This indicates that large SHIB holders are transferring tokens less aggressively than in previous periods, perhaps starting to manage their positions more patiently at current price levels.
However, looking at the overall picture, the amount of SHIB entering the stock exchanges is still more than the amount leaving. Especially the inflow of 427.9 billion SHIB in the past day leads to comments that this asset may be under intense sales pressure in the coming days.
According to experts, under these conditions, investors should consider that volatility may increase again in the coming days.
Technical indicators and resistance levels
Shiba Inu price is still below the 200-day moving average; This keeps the medium and long-term resistance level strong. Analysts state that it is difficult to talk about a new uptrend without the asset clearly exceeding this important level.
Although the chart structure has begun to signal recovery, positive momentum will be required throughout the market to break out of the current channel. Otherwise, the SHIB supply accumulating in the stock exchanges may trigger a rapid sales wave in case of a possible negative situation.
In short, despite intense stock market movements on the Shiba Inu front, overcoming critical resistance levels in the short term will continue to be the main agenda item for investors.
